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Tax Deadline April 30: The Most Common CRA Mistakes Canadians Make — and How to Avoid Them

Missed deductions, wrong SINs, unreported side income — these are the errors that delay your refund, trigger CRA letters, and quietly cost Canadians millions every year. Here's your 2026 checklist With April 30 just days away, millions of Canadians are racing to pull together slips, receipts, and records before the Canada Revenue Agency's personal income tax deadline. But filing on time and filing  correctly  are two very different things. The CRA flags thousands of returns each year for errors that are entirely preventable — errors that delay refunds, generate costly reassessments, and sometimes result in penalties that linger for months. Whether you're a first-time filer, a seasoned DIY-er, or someone handing everything to an accountant, here are the 10 most common CRA mistakes Canadians make — and exactly how to avoid each one. 1. Misunderstanding the April 30 deadline The filing deadline for most Canadians is  April 30, 2026 . Miss it when you owe money, and you'll ...
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Trade War Looms: Economists Brace for Impact as Loonie Weakens


As the specter of a trade war looms large, economists and market strategists are sounding the alarm, warning of potential repercussions for the Canadian economy. The recent announcement of sweeping tariffs by U.S. President Donald Trump on Canadian goods has sent shockwaves through financial markets, causing the Canadian dollar, or "loonie," to slide to its lowest level since 2003.

Top economists predict that if the tariff war persists, Canada's economy could face its most severe shock since the COVID-19 pandemic. The loonie's decline is expected to exacerbate inflationary pressures and increase the unemployment rate, potentially pushing the economy into a recession. 

Chief Economist Beata Caranci and Senior Economist James Orlando anticipate a "sharp negative reaction" in North American equity markets and further weakening of the loonie, which could drop as low as 65 US cents. The Bank of Canada may be forced to cut interest rates to mitigate the economic impact.

As the situation unfolds, market strategists advise investors to brace for volatility and consider safe-haven assets to weather the storm. The coming weeks will be crucial in determining whether negotiations can avert a full-blown trade war and stabilize the loonie.




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